{"id":63569,"date":"2026-07-16T03:00:22","date_gmt":"2026-07-16T01:00:22","guid":{"rendered":"https:\/\/housesmarketplace.com\/economic-activity-expands-but-consumers-feel-the-squeeze\/"},"modified":"2026-07-16T03:00:22","modified_gmt":"2026-07-16T01:00:22","slug":"economic-activity-expands-but-consumers-feel-the-squeeze","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/economic-activity-expands-but-consumers-feel-the-squeeze\/","title":{"rendered":"Economic activity expands, but consumers feel the squeeze"},"content":{"rendered":"<div>\n<p>Economic activity increased at a slight to moderate pace in 11 of 12 <strong>\u0424\u0435\u0434\u0435\u0440\u0430\u043b\u044c\u043d\u044b\u0439 \u0440\u0435\u0437\u0435\u0440\u0432<\/strong> districts during late May and June \u2014 matching the previous period\u2019s pace. <\/p>\n<p>Latest Federal Reserve Beige Book data shows consumer spending edging up, but higher fuel prices are dampening discretionary sales and pushing many <a href=\"https:\/\/www.housingwire.com\/articles\/june-cpi-monthly-inflation\/\">households <\/a>to seek cheaper goods. <\/p>\n<p>Construction and <a href=\"https:\/\/www.housingwire.com\/articles\/housing-market-spotlight-local-market-trends\/\">\u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u044c<\/a> activity increased slightly overall, with several districts specifically highlighting growth in <a href=\"https:\/\/www.housingwire.com\/articles\/data-centers-emerge-as-real-estates-newest-pricing-wildcard\/\">\u0446\u0435\u043d\u0442\u0440 \u043e\u0431\u0440\u0430\u0431\u043e\u0442\u043a\u0438 \u0434\u0430\u043d\u043d\u044b\u0445<\/a> \u0437\u0434\u0430\u043d\u0438\u0435.<\/p>\n<p>Financial conditions held steady on balance, with commercial and <a href=\"https:\/\/www.housingwire.com\/articles\/higher-rates-mortgage-applications-fall\/\">consumer<\/a> loan volumes both up modestly. Commercial loan quality was stable but consumer quality ticked down. <\/p>\n<p><a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/beigebook202607-summary.htm\">Beige Book <\/a>respondents generally expect continued economic expansion, though several districts flagged elevated uncertainty around future fuel costs.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-regional-real-estate-construction-trends-vary\">Regional real estate, construction trends vary<\/h2>\n<p><a href=\"https:\/\/www.housingwire.com\/articles\/boston-international-business-boom-housing-demand\/\">\u0411\u043e\u0441\u0442\u043e\u043d<\/a> reported slight expansion, with consumer spending buoyed by the World Cup but discretionary spending softening among lower-income households. <\/p>\n<p>New York saw modest growth, with service sector activity finally picking up after a long weakness. Philadelphia rose slightly after a prior decrease \u2014 while Cleveland posted modest growth with robust selling price increases. <\/p>\n<p>Richmond expanded moderately, with consumer spending holding up despite shifts in behavior \u2014 even among higher-income consumers. <\/p>\n<p><a href=\"https:\/\/www.housingwire.com\/articles\/atlanta-build-to-rent-surge\/\">\u0410\u0442\u043b\u0430\u043d\u0442\u0430<\/a> grew modestly, though residential and commercial real estate were little changed. <\/p>\n<p>Chicago activity increased modestly, with construction and real estate up slightly. <\/p>\n<p>Dallas rose moderately, with the real estate sector mixed, and San Francisco reported stable but muted activity amid steady conditions in real estate and financial services.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-employment-gains-widen-skilled-labor-remains-scarce\">Employment gains widen, skilled labor remains scarce<\/h2>\n<p>Employment rose on balance, with five districts reporting modest, moderate or solid gains \u2014 up sharply from only one district in the prior period. <\/p>\n<p>The remaining seven districts saw little to no change. Hiring occurred across manufacturing, construction and retail. <\/p>\n<p>Skilled workers \u2014 especially technicians and tradespeople \u2014 remained difficult to find. A couple of districts reported small employment declines. Wage growth was modest to moderate in most districts, with two reporting only slight increases. <\/p>\n<p>Some wage gains reflected heightened competition for skilled labor. A few districts noted that firms had increased use of artificial intelligence, both in hiring and screening processes and to boost worker productivity.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-prices-still-going-up-in-some-regions\">Prices still going up in some regions<\/h2>\n<p>Prices increased moderately overall, with nine districts reporting moderate growth, two robust growth and one slight growth.  Compared with the prior period, price growth was the same or slower in all districts.<\/p>\n<p>Non-labor input costs rose across services, construction and manufacturing \u2014 driven by higher energy, transportation and raw material expenses. Some contacts tied these increases to the Middle East conflict, while others pointed to tariffs.<\/p>\n<p>Consumer prices continued to climb and a few districts noted greater price sensitivity among customers. In a couple of districts, selling prices grew less than input costs, crimping margins. <\/p>\n<p>Expectations for future price growth varied. Some contacts see inflation persisting at its current pace, while others anticipate a slowdown \u2014 partly due to falling fuel prices.<\/p>\n<p><em>This article was written by Jonathan Delozier and generated with the assistance of HousingWire Automation. It was reviewed by a HousingWire editor before publication.<\/em><\/p>\n<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Economic activity increased at a slight to moderate pace in 11 of 12 Federal Reserve districts during late May and June \u2014 matching the previous period\u2019s pace. Latest Federal Reserve Beige Book data shows consumer spending edging up, but higher fuel prices are dampening discretionary sales and pushing many households to seek cheaper goods. Construction [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63569","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.5 (Yoast SEO v18.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economic activity expands, but consumers feel the squeeze - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/economic-activity-expands-but-consumers-feel-the-squeeze\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic activity expands, but consumers feel the squeeze\" \/>\n<meta property=\"og:description\" content=\"Economic activity increased at a slight to moderate pace in 11 of 12 Federal Reserve districts during late May and June \u2014 matching the previous period\u2019s pace. Latest Federal Reserve Beige Book data shows consumer spending edging up, but higher fuel prices are dampening discretionary sales and pushing many households to seek cheaper goods. 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